This past week I've spent a lot of time working with some strong investors in the foreclosure market. When I'm showing these bank owned and even short sale listings, I often think about the former owners. Mostly thinking about what their story was, did they reach out for help or just walk away. I wonder if they suffered extenuating circumstances, job loss or death, did they get forced out by the sheriff or a deed in lieu, where do they live now and so on. I think how heartbreaking, devastating and how sad it is for someone who lost their home. I hear other agents talk about how they are making money hand over fist with foreclosures and I'm not saying I do not sell foreclosed homes but it the story behind the sale does bother me a bit. I know there is two sides to every story...the owners, the lenders and then the truth. Perhaps they had the money and just weren't paying....who knows, I guess.
Anyhow, I just wanted to share this great video Freddie Mac posted on YouTube explaining which documents homeowners will need before they call their mortgage companies to discuss their loan modification options. I know it all seems so overwhelming but just one very important telephone call to the lender may just save someone's home.
YOUR RESOURCE FOR NEW JERSEY REAL ESTATE
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Gina Chirico, Sales Associate
50 E. Mt. Pleasant Avenue
Livingston, New Jersey 07039
973-715-1158 cell
973-992-6363 ext 116
Gina.Chirico@PrudentialNewJersey.com
****With deep roots in the Essex County, I service buyers and sellers throughout many Essex County communities and neighboring Morris, Passaic and Union Counties, specializing in the entire West Essex Area (including Fairfield, Caldwell, West Caldwell, North Caldwell, Roseland, Essex Fells, Verona and Cedar Grove) and my hometown areas of Belleville, Bloomfield, Nutley and Little Falls.****
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